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Gladstone Commercial Announces Industrial Acquisition in Harrison Township, Michigan

1. Gladstone Commercial acquired a 215,102 sq. ft. industrial facility for $16.25 million. 2. The facility is leased to Yanfeng, a strong credit automotive supplier. 3. This acquisition enhances Gladstone's industrial portfolio in key U.S. markets. 4. Expected benefits include immediate accretion and long-term lease stability. 5. The acquisition supports Gladstone's focus on durable cash flows.

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Why Bullish?

The acquisition of a strong asset leased to a reputable tenant suggests increased stability and revenue growth potential for GOOD. Historically, similar strategic purchases have positively influenced REIT stock prices due to enhanced portfolio quality.

How important is it?

This acquisition directly aligns with Gladstone's strategy and is expected to improve overall cash flow stability and potential growth, making it highly relevant for investors and market analysts.

Why Long Term?

The long-term lease with a creditworthy tenant indicates sustained revenue. Past acquisitions yielding stable cash flows have enhanced asset values over time, supporting long-term growth.

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REITYanfeng International AutomotiveOTHER_COMPARABLE_REITS
Gladstone Commercial Corporation (Nasdaq:GOOD) ("Gladstone Commercial") is pleased to announce the acquisition of a 215,102 square foot, crane-served industrial manufacturing, distribution, and warehouse facility located in Harrison Township, Michigan. The property was acquired for $16.25 million at a weighted average GAAP capitalization rate of 9.59%.The facility is 100% leased to Yanfeng International Automotive Technology US, a U.S.-based subsidiary of Yanfeng International Automotive Technology Co., Ltd, a global investment-grade automotive supplier specializing in interiors, exteriors, seating, cockpit electronics, and passive safety systems.This acquisition aligns with Gladstone Commercial's strategy of acquiring mission-critical, high-quality industrial assets leased to strong credit tenants in growth markets."We are excited to expand our industrial portfolio with a well-located, mission-critical facility leased to a world-class tenant. This acquisition strengthens our existing relationship with Yanfeng, adds synergies across our portfolio, and supports our long-term strategy of acquiring functional assets with strong tenant credit and long-term upside," stated Ryan Carter, Executive Vice President of Gladstone Commercial."This addition further advances our strategy of expanding our industrial footprint in core U.S. manufacturing markets. The facility is leased long-term to a creditworthy tenant and is strategically located in the Detroit metro area, which continues to benefit from strong demand tied to domestic manufacturing. The acquisition is immediately accretive, extends our weighted average lease term, and reinforces our focus on durable cash flows and industrial growth," said Buzz Cooper, President of Gladstone Commercial.About Gladstone Commercial (Nasdaq: GOOD)Gladstone Commercial is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States. As of March 31, 2025, Gladstone Commercial's real estate portfolio consisted of 141 properties located in 27 states, totaling approximately 17.3 million square feet. For additional information, please visit www.gladstonecommercial.com.For Broker Submittals:Midwest/WestSouth CentralRyan CarterTodd Alan McDonaldExecutive Vice PresidentSenior Vice President(571) 451-0019(703) 287-5895[email protected][email protected]Southeast/NortheastNick LindsayVice President(703) 966-3864[email protected]Investor or Media Inquiries:Buzz CooperCatherine GerkisPresidentDirector of Investor Relations/ESG(703) 287-5815(703) 287-5846[email protected][email protected]All statements contained in this press release, other than historical facts, may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements involve inherent risks and uncertainties as they relate to expectations, beliefs, projections, future plans and strategies, anticipated events, or trends concerning matters that are not historical facts and may ultimately prove to be incorrect or false. Forward-looking statements include information about possible or assumed future events, including, without limitation, those relating to the discussion and analysis of Gladstone Commercial's business, financial condition, results of operations, and our strategic plans and objectives. Words such as "may," "might," "believe," "will," "anticipate," "future," "could," "growth," "plan," "intend," "expect," "should," "would," "if," "seek," "possible," "potential," "likely" and variations of these words and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements contain these words. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those included within or contemplated by such statements, including, but not limited to, the description of risks and uncertainties in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 18, 2025, and certain other filings made with the SEC. Gladstone Commercial cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.For further information: Gladstone Commercial Corporation, (703) 287-5893For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstonecompanies.com.SOURCE: Gladstone Commercial Corporation

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